Synergy Resources Corporation (SYRG): Price Target and June Short Interest Disclosure

Synergy Resources Corporation (SYRG) : The most positive equity analysts on Synergy Resources Corporation (SYRG) expects the shares to touch $13, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $9.51 with an expected fluctuation of $1.91 from the mean.

Synergy Resources Corporation (SYRG) reported a rise of 16.8% or 3,373,450 shares in its short interest. The short figure came in at 12.7% of the total floats. The average daily volume of 5,326,175 shares suggests that the days to cover 23,414,348 short positions, as on June 30,2016, will be 4. On June 15,2016, the short interest was 20,040,898 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Simmons initiates coverage on Synergy Resources Corporation (NYSEMKT:SYRG). The rating major has initiated the coverage with overweight rating on the shares. The rating by the firm was issued on June 23, 2016.


Synergy Resources Corporation (NYSEMKT:SYRG): On Thursdays trading session , Opening price of the stock was $6.64 with an intraday high of $6.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.5. However, the stock managed to close at $6.5, a loss of 1.96% for the day. On the previous day, the stock had closed at $6.63. The total traded volume of the day was 2,607,564 shares.

Synergy Resources Corporation is a shell company. The Company is an oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin has hydrocarbon-bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, Sussex, J-Sand and D-Sand. Its drilling and completion activities are focused in the Wattenberg Field, an area that covers the western flank of the D-J Basin, in Weld County, Colorado. It is focused on the horizontal development of the Codell and Niobrara formations. The Company operates over 423 producing wells and participated as non-operators in approximately 159 producing wells. It has approximately 442,000 gross and 342,000 net acres under lease, all of which are located in the greater D-J Basin. Its eastern Colorado mineral assets are located in Yuma and Washington counties.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.